Clean Harbors, Inc. (NYSE:CLH) Short Interest Down 17.8% in March

Clean Harbors, Inc. (NYSE:CLH) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 615,700 shares, a drop of 17.8% from the March 15th total of 748,700 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 488,900 shares, the days-to-cover ratio is currently 1.3 days.

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

Hedge funds have recently made changes to their positions in the business. Reliant Investment Management LLC purchased a new stake in Clean Harbors during the 4th quarter valued at approximately $4,386,000. Fiduciary Alliance LLC purchased a new stake in shares of Clean Harbors during the fourth quarter worth approximately $846,000. Mountain Pacific Investment Advisers LLC lifted its holdings in shares of Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after purchasing an additional 4,240 shares during the period. Barclays PLC grew its position in Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after buying an additional 8,639 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Clean Harbors by 17.8% in the 4th quarter. Versant Capital Management Inc now owns 384 shares of the business services provider’s stock valued at $88,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Up 1.2 %

CLH opened at $207.25 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors has a 52 week low of $178.29 and a 52 week high of $267.11. The business’s 50 day moving average is $203.26 and its two-hundred day moving average is $230.05. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 27.93 and a beta of 1.11.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. On average, research analysts predict that Clean Harbors will post 7.89 EPS for the current year.

Analysts Set New Price Targets

CLH has been the subject of several analyst reports. UBS Group lowered their price target on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Stifel Nicolaus lowered their target price on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Robert W. Baird dropped their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Finally, Truist Financial dropped their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Moderate Buy” and an average target price of $260.40.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.